China's Tencent sets price guidance for $4 billion dual-currency bond, term sheet shows

Tencent Holdings

09/06/2026 01:52

    SYDNEY, June 9 (Reuters) - China's Tencent Holdings 0700.HK has set the initial price guidance for a $4 billion dual-currency bond deal, according to a term sheet reviewed by Reuters.
Price guidance for a proposed 10-year dollar bond is U.S. Treasuries plus 80 basis points and a 20-year dollar bond is U.S. Treasuries plus 90 basis points, the term sheet said.
A 10-year offshore yuan bond guidance is set at about 2.95% and a 30-year offshore yuan bond at 3.55%, according to the term sheet. 
Tencent is aiming to raise $4 billion in the deal, Reuters reported on Monday citing sources.

 (Reporting by Scott Murdoch; Editing by Tom Hogue)
 ((Scott.Murdoch@thomsonreuters.com;))